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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $180.55
- 2 Days on Market
- MLS # : D6115524
- Updated Date : 12/26/2020 at 16:38
CONSTRUCTION
- Beds : 3
- Floor Size : 1,661 sqft
- Baths : 2 full
Listing Agent
Paradise Exclusive Inc.
Listing Agent's Description
If lifestyle matters, then this charming, move-in-ready 3 bedroom/2 bath/PLUS DEN-FLEX ROOM/pool home, found nestled on a quiet street in the highly desired community of North Port, is for you. Upon entry, guests will appreciate a cheerful, yet neutral color palette that creates a cozy and eye-appealing ambience throughout the home. Expansive sliders lead from the great room to the lanai, gracefully integrating the indoor/outdoor living areas. Just steps through this door, a recently resurfaced pool and a fully fenced backyard await. At the heart of the home is the welcoming kitchen that is highlighted by an eat-in dinette overlooking the pool, a pantry closet, a raised breakfast bar to provide additional dining space when needed, and attractive ceramic tile flooring to help keep everything neat and tidy. The home's split floor plan allows for ample privacy for owners and guests, and the Master suite is an inviting respite after a fun-filled day at the beach, with an adjacent Master bath that offers dual sinks and a convenient walk-in shower. There is den/flex room which is the perfect place for use as a home office, or as an additional living area/tv room. For additional peace of mind, this home is equipped with hurricane protection, is in an X-FLOOD ZONE, and a new septic and AC were installed within the last 2 years. The home's exterior has been repainted further enhancing its already abundant curb appeal. This charming home can be found on a quiet street, yet it is located near shopping venues, restaurants, medical services with easy access to U.S 41, I-75, and the Punta Gorda Airport. Pristine Gulf beaches and the new spring training facility for the Atlanta Braves are within a short drive. Perfect as a warm Winter escape, or for use as a full-time residence, this house is just waiting for you to call it 'home'. If this sounds intriguing, what are you waiting for? Call today to schedule a private showing, and prepare to be captivated.
SEE MORE
- 2nd Best City for Young Entrepreneurs (Forbes)
- Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
- Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
- #8 in America's Fastest Growing Cities (Forbes, 2018)
- Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
- One of the best cost-friendly American cities to do business (KPMG)
- Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
- #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
PRICE & RENT TRENDS
Neighborhood: North Port Charlotte
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: North Port Charlotte
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,710 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$369 | |
| Property Insurance | -$138 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$32
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.
$299,900
PROJECTED PRICE
$1,710
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.43% |
| Appreciation Year (1-5) | 9.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 3.71% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
5.5
YEARS SAVED
$21,175
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,710
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,408
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
3467 Culpepper Terr. North Port, FL 5
- 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 2004
- Rent
- Rent Per SQFT
- $1,710
- $1.03
-
2619 Carthage St North Port, FL 1
- 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2001
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,300
- $0.83
-
3604 Spinner Ave North Port, FL 2
- 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2006
LEASED 07/01/20- Rent
- Rent Per SQFT
- $1,400
- $0.77
-
3643 Spinner Ave North Port, FL 3
- 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2005
LEASED 08/17/20- Rent
- Rent Per SQFT
- $1,400
- $0.82
-
3442 Everett Ter North Port, FL 4
- 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 2005
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,500
- $0.97
PROPERTY LISTING DETAILS
1.941.662.6466
Paradise Exclusive Inc.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: D6115524
Last Updated: 12/26/2020
